Common use of Strict Compliance Clause in Contracts

Strict Compliance. If any action or failure to act by Borrower violates any covenant or obligation of Borrower contained herein, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 4 contracts

Sources: Loan Agreement (Graymark Healthcare, Inc.), Loan Agreement (Cd Warehouse Inc), Revolving Credit and Term Loan Agreement (Falconite Inc)

Strict Compliance. If any action or failure to act by Borrower ----------------- violates any covenant or obligation of Borrower contained herein, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Credit Agreement (Data Return Corp)

Strict Compliance. If any action or failure to act by Borrower violates any covenant or obligation of Borrower contained herein, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Loan and Security Agreement (Rules-Based Medicine Inc)

Strict Compliance. If any action or failure to act by Borrower violates any covenant or obligation of Borrower contained hereinherein or in any other Loan Paper, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Loan Agreement (Key Energy Group Inc)

Strict Compliance. If any action or failure to act by Borrower violates any covenant or obligation of Borrower contained hereinherein or in any other Loan Paper, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Loan Agreement (Parallel Petroleum Corp /De/)

Strict Compliance. If any action or failure to act by Borrower ----------------- Borrowers violates any covenant or obligation of Borrower Borrowers contained herein, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Loan Agreement (Cd Warehouse Inc)

Strict Compliance. If any action or failure to act by Borrower violates any covenant of its respective covenants contained herein or obligation of Borrower contained hereinin any other Loan Paper, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Credit Agreement (Amen Properties Inc)

Strict Compliance. If any action or failure to act by Borrower violates or breaches any covenant or obligation of Borrower contained hereinherein or any other Loan Document, then such breach or violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Credit Agreement (United States Exploration Inc)

Strict Compliance. If any action or failure to act by the Borrower violates any covenant or obligation of Borrower contained herein, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Credit Agreement (Metro Information Services Inc)

Strict Compliance. If any action or failure to act by any Borrower violates any covenant or obligation of any Borrower contained hereinherein or in any other Loan Documents, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Loan Agreement (Mexco Energy Corp)

Strict Compliance. If any action or failure to act by Borrower violates any covenant or obligation obligations of Borrower contained herein, then such violation shall not be excused by the fact that such action or failure to act would otherwise be required or permitted by any covenant (or exception to any covenant) other than the covenant violated.

Appears in 1 contract

Sources: Revolving Credit Agreement (Pier 1 Imports Inc/De)